Techniks Industries, a portfolio company of Audax Private Equity (Audax), has announced its rebranding to Frontline Tooling Solutions. headquartered in Indianapolis, IN. The newly formed organization serves as the parent company to its two independent platform companies: Techniks Tool Group, a leading provider of toolholders, workholding, and other machine tool accessories, and NAPGladu, a leading cutting tools service and solution provider to the secondary wood, composite, and other industries. Frontline Tooling Solutions will continue to support an aggressive acquisition-focused strategy with the goal of achieving global growth and new market development for its two companies, as well as providing one-stop tooling solutions for customers for all of their professional tooling needs.
Prior to this rebranding, Frontline Tooling Solutions formed Techniks Tool Group (TTG), which is a result of the combination of two leading brands in the industry, Parlec and Techniks. Since acquiring Parlec in April 2017, Frontline Tooling Solutions has brought both teams together to combine the strengths of the two organizations, including industry leading sales and customer support, quick-turn customization through engineering and product development, and multiple channels to market. Leveraging these strengths going forward to support its customers, TTG will focus on new product development, new market entry, and complementary acquisitions to drive a “spindle-to-cutting tool” strategy.
Vern Cameron, CEO of Frontline Tooling Solutions said, “We are excited to announce the launch of Frontline Tooling Solutions, which represents two leading businesses in the metal tools and wood and composite-cutting markets. Through TTG, we offer the broadest selection of toolholders and machine tool accessories in the marketplace, with the same commitment to quality, durability, precision, and customer service that our customers have become accustomed to receiving. Our NAPGladu family of companies represent a full suite of leading cutting tool solutions in North America, including nationwide service in the US and Canada and customized engineering and manufacturing of high quality tools.”
Frontline Tooling Solutions provides strategic resources and support for organic and acquisitive growth of its two divisions and allows end consumers to take advantage of our expertise across all organizations, positioning Frontline Tooling Solution’s two divisions as the providers-of-choice in their end markets.